Deep-pocketed investors have adopted a bullish approach towards Marathon Digital Holdings MARA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MARA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Marathon Digital Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 41% bearish. Among these notable options, 4 are puts, totaling $223,032, and 8 are calls, amounting to $308,979.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $30.0 for Marathon Digital Holdings, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Marathon Digital Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marathon Digital Holdings's whale activity within a strike price range from $10.0 to $30.0 in the last 30 days.
Marathon Digital Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MARA | PUT | SWEEP | BULLISH | 05/17/24 | $2.77 | $2.66 | $2.66 | $18.00 | $93.6K | 1.9K | 1.3K |
| MARA | PUT | SWEEP | BULLISH | 05/17/24 | $2.81 | $2.77 | $2.77 | $18.00 | $55.4K | 1.9K | 536 |
| MARA | CALL | SWEEP | BULLISH | 05/17/24 | $2.22 | $1.6 | $2.23 | $19.00 | $44.6K | 2.6K | 603 |
| MARA | CALL | TRADE | BULLISH | 01/17/25 | $4.4 | $4.3 | $4.4 | $30.00 | $44.0K | 15.1K | 82 |
| MARA | CALL | TRADE | BULLISH | 05/17/24 | $2.03 | $1.96 | $2.03 | $19.00 | $40.5K | 2.6K | 403 |
About Marathon Digital Holdings
Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company currently operates in the Digital Currency Blockchain segment. The Crypto-currency Machines are located in the United States.
In light of the recent options history for Marathon Digital Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Marathon Digital Holdings
- Trading volume stands at 9,631,120, with MARA's price down by -4.17%, positioned at $17.23.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 28 days.
Expert Opinions on Marathon Digital Holdings
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $25.75.
- An analyst from JP Morgan has decided to maintain their Underweight rating on Marathon Digital Holdings, which currently sits at a price target of $16.
- An analyst from HC Wainwright & Co. has revised its rating downward to Buy, adjusting the price target to $35.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marathon Digital Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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